A standard buy-to-let is usually assessed on the property value and the rent the property can achieve. A lender stress test rate is applied, and the income tax rate you pay is also relevant: basic, higher or additional rate. If you have more than three BTLs, you fall into portfolio landlord underwriting, where the rest of your portfolio is assessed too. There are many variables to a buy-to-let mortgage nowadays. We will guide you through your options.
- First-time landlords and existing portfolios
- Purchase, remortgage and capital raising
- Interest coverage and stress-rate checks explained before you offer
- Personal name compared with a limited company, where that is the real question